GMM Pfaudler Limited
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BSE Code:
505255
NSE Code:
GMM
Business Profile
Business Profile
GMM Pfaudler (GMM) was incorporated on Nov. 17, 1962, as a private company and converted into a public company on Sep. 09 1963. The company is a manufacturer of and dealer in various types of structural steel works, industrial machinery and glass lined chemical vessels. GMM also manufactures wiped film evaporators, agitated nutche filters, mixing systems and polytetrafluoroethylene (PTFE)-lined equipment. It has supplied over 9000 reactors for different corrosive processes to suit clients` specific needs, glass-lined stainless steel reactors and lab reactors. GMM manufactures storage tanks in both horizontal and vertical designs. GMM Pfaudler`s fluoro polymer division manufactures various PTFE products, such as teflon envelope gaskets, nozzle liners and bushes, and control system pipes internally lined by isostatically molded PTFE liners. Its filters and filter-dryers are utilized in the inorganic and organic chemical, fine chemical and pharmaceutical industries.
The company`s client list includes Alembic, Hoechst Schering Agrevo, Bayer India, Cheminova India, Chemplast Sanmar, Cipla, Colour-Chem, Gharda Chemicals, GE Plastics India, Glaxo India, Hindustan Inks and Resins, Indian Organic Chemicals and many more. In December 2007, the Company incorporated a wholly owned subsidiary, GMM Mavag AG. GMM is based at Gujarat, India.
Financials
G M M Pfaudler registered a 13.17% growth in net profits to Rs 34.97 million for the quarter ended in September 2007 from a profit of Rs 30.90 million for the quarter ended in September 2006.
Net Sales rose 15.60% to Rs 306.96 million for the quarter ended September 2007 from Rs 265.53 million for the quarter ended September 2006.
Total income rose 17.48% to Rs 318.15 million for the quarter ended September 2007 from Rs 270.82 million for the quarter ended September 2006.
The earnings per share (EPS) of the company stood at Rs 2.39 in the quarter ended September 2007.
Recent Developments
24-DEC-07
GMM Pfaudler reported that a Wholly Owned Subsidiary of the Company has been established in Switzerland in the name of "GMM Mavag AG."
30-OCT-07
GMM Pfaudler has approved the payment of second interim dividend at 0.70 a share on equity shares of Rs 2 each, for the year 2007-08.